Global Laser Engraving Machine Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027 at a CAGR of XX % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Implementation of numerous legislation by various agencies such as food and drug association (FDA) for engraving of unique device identification for medical devices is expected to be the dynamic factor behind the rapid growth of laser engraving machine market. Likely, a wide spectrum of engraving application in various industries along with the introduction of highly efficient laser engraving products such as fiber laser engraving machine is predicted to foster the growth of laser engraving machine market. Additionally, technologically advancement in engraving along with rising research and development activities by major players in the field of laser engraving machine is also projected to flourish the growth of laser engraving machine market.
In addition to this, mounting demand for precise specifications on manufactured products is believed to bolster the growth of laser engraving machine market by the end of 2026. Moreover, growing adoption of laser engraving machine in various industries to provide permanent embossing solutions such as automobile, packaging and machine tools are some of the factors triggering the growth of laser engraving machine market across the globe. On the contrary, the lack of adoption of laser engraving machine in the underdeveloped region is expected to hinder the growth of laser engraving machine market over the forecast period.
In terms of regional platform, Asia-Pacific is projected to dominate the global laser engraving machine market over the forecast period. Additionally, the Asia-Pacific region is believed to account for the highest market share of 38.4% in the global laser engraving machine market by witnessing a CAGR of 8.6% during the forecast period. Moreover, the factors boosting the growth of laser engraving machine market in this region include growing demand for engraving of components from automotive and packaging industry. Additionally, increasing penetration of big companies into Asia-Pacific due to the cheap workforce is also expected to propel the growth of Asia-Pacific laser engraving machine market.
North America and Europe laser engraving machine markets are believed to witness outstanding growth over the forecast period. Additionally, the U.S. and Canada are the major countries augmenting the demand for laser engraving machine in North America region because of strict regulation from the government for engraving medical equipment, surgical devices and others. Likely, the presence of major key vendors such as IPG Photonics Corporation in laser engraving machine is also predicted to bolster the growth of the North America region laser engraving machine market by the end of 2026. Apart from this, Western European countries such as Germany, the U.K. and others are witnessing the augmented demand for laser engraving machine due to the growing automotive industry.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end user, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the laser engraving machine market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Scope of Global Laser Engraving Machine Market
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Global CRM Analytics Market was valued US$ 7.98 Bn in 2019 and is expected to grow US$ 16.46 Bn by 2027, at a CAGR of 11.02 % during the forecast period.
Global CRM Analytics Market
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Definition:
CRM stands for “Customer Relationship Management.” CRM Analytics is a set of tools that collects and organizes customer interaction data. CRM analytics help in sales performance, customer service, and marketing activities. It helps in understanding customer behavior which includes customer profiles, their buying trends, customer feedback, and others.
Market Dynamics:
CRM analytics market will be a rise in incoming years due to its application to develop custom business decisions in an organization. Also, CRM Analytics is significantly used to create potential marketing campaigns from the valuable customer analysis data mined by such tools, and therefore it is highly demanded in the market. With the rising beginning of e-commerce platforms as a sales channel, therefore the demand for CRM analytics is rising to help to study customer needs and preferences. CRM software adds email, social media, and other platforms to enable marketers to capture every conversation and store the data in the CRM.
Global CRM Analytics Market Drivers:
The CRM Analytics market applications are sales analytics, customer analytics, contact center analytics, marketing analytics, web & social media analytics. The marketing analytics helps the companies to make various campaign programs for customers. Increased competition and need to keep important customers increases the demand for CRM Analytics. There are several other factors such as a rise in big data and having a vision about sales is further pushing this market growth.
Market Segmentation:
Retail Industry hold a higher market share during the forecast period
A number of new players are emerging in the retail market to influence market growth. New players are adopting e-commerce business models like Amazon, making USD 71.84 billion in online sales. In such a competitive retail market, the need for new customer acquisition and holding of the existing customers becomes crucial for retailers. The retail brands are expected to drive sizeable revenues in the market over the forecast period.
Regional Analysis:
The global CRM analytics market is segmented on the basis of geography as North America, Europe, Asia-Pacific, Latin America, and Middle East. North America contributes a major share in the global market. This is mainly due to the growth in data and increased awareness to hold valuable customers. Asia Pacific is following the same trend as it is expected to continue growth in the near future. Growing industries like BFSI, telecommunications, health care, etc. are expected to increase the growth of the global CRM analytics market.
Industry Development:
May 2019 - Vodafone Idea Limited announced signing a multi-million-dollar five-year agreement with IBM to deliver an enhanced customer experience to millions of connected consumers and businesses in India. The collaboration will provide Vodafone Idea with a hybrid cloud-based digital platform to enable more close engagement with its over 387 million subscribers (as of December 31, 2018), enhancing business efficiency, alertness, and simplification of its business processes.
The objective of the report is to present a comprehensive analysis of the Global CRM Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global CRM Analytics Market dynamics, structure by analyzing the market segments and project the Global CRM Analytics Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global CRM Analytics Market make the report investor’s guide.
Scope of the Global CRM Analytics Market
Global CRM Analytics Market, By Type
• Sales Analytics
• Customer Analytics
• Contact Center Analytics
• Marketing Analytics
• Web & Social Media Analytics
Global CRM Analytics Market, By Deployment
• On-premise
• Cloud
Global CRM Analytics Market, By End User
• BFSI
• Health Care
• Retail
• Telecom and IT
• Media and Entertainment
• Other End Users
Global CRM Analytics Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global CRM Analytics Market
• Accenture
• Angoss Software Corporation
• IBM Corporation
• Infor
• Microsoft Corporation
• Oracle Corporation
• Salesforce.com, Inc.
• SAP SE
• SAS AB
• Teradata Corporation
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